International Trade Minister Chrystia Freeland is in New Zealand today to put Canada's signature on the Trans-Pacific Partnership trade deal. This is only the first step in formally ratifying the Agreement. As part of the ongoing process the government has committed to a series of public consultations, leading to formal ratification by the House of Commons potentially later this year. Based on this timetable, and approval of agreement by other signatory countries, it is expected that the deal would not be implemented until January 1, 2018 at the earliest.
Impact on Canadian Retail:
- Tariff relief on a variety of imported goods.
- No change to Canada’s current de minimis rate of $20 for goods shipped into the country.\
- Access to temporary foreign workers.
- Provisions for regulatory coherence and transparency to avoid irritants to trade experienced under current free trade agreements (e.g. variations between U.S. and Canadian requirements for car seats, cradles, children’s sleepwear, etc.).
RCC will participate in the consultations, voicing member support for the deal and seeking clarity on how members can determine which of their imported products are scheduled for tariff relief, access to temporary foreign workers and access to allocation of imported products impacted by changes to Canada’s supply-management system.
Please see RCC's analysis for detailed information on impacts on retailers and key areas RCC will focus on as part of the upcoming consultations.
If you have any questions or concerns, please don’t hesitate to contact: Jason McLinton, Senior Director, Federal Government Relations at: [email protected] or 613-656-7903